
Tinubu Seeks Approval For $21.5Bn, €2.2Bn Foreign Loans
Tinubu Seeks Approval For $21.5Bn, €2.2Bn Foreign Loans President Bola Ahmed Tinubu has written to the House of Representatives seeking approval for three major financial proposals involving external and domestic borrowings amounting to billions of dollars, euros, and naira. In a set of letters read on Tuesday during plenary by the Speaker, Abbas Tajudeen, the president requested legislative backing for the federal government’s external borrowing rolling plan for 2025–2026, a $2 billion foreign currency bond issuance in the domestic market, and the issuance of bonds to clear outstanding pension liabilities under the Contributory Pension Scheme (CPS). – $2bn Foreign Currency…